A chance to impact the world
Sir Ronal Cohen, keynote at GCV Digital Forum

A chance to impact the world

Sir Ronald Cohen's insights from his second book, Impact: Reshaping Capitalism to Drive Real Change, lay out a methodology for adding impact to the usual risk and return decision-making for investing.

Here's a case study example from his keynote to be delivered at the www.GCVDigitalForum.com on Tuesday, 29 September, with live Q&A with Sir Ronald starting at 12.30 UK time.

PREVIEW: Sir Ronald Cohen keynote at the Global Corporate Venturing Digital Forum on 29 September

The power of intentionally adding in impact to traditional investment metrics is impressive. India-based conglomerate Reliance has effectively applied this measure by saying what happens if the cost of phones and data is almost zero – as Arjun Malhotra at Good Capital notes.

But scaling up requires transformative leaps to bypass obsolete technology with built infrastructure, attitudes and sunk costs.

Europe and the US are trying to reinvigorate their economies to do the same. This, however, is hard to do.

At the annual European research and innovation conference last week, Mariana Mazzucato, an economics professor at University College London (UCL), said Europe was experiencing “a real Marshall moment” – a reference to the post-World War II Marshall plan to rebuild Europe with US financing – that could be updated to achieve wider goals, such as tackling the climate crisis.

She said: “We have a very large recovery fund, and for the first time in a long time, that fund is conditional on the member states actually investing, having a plan around climate, digitalisation and health. It’s no longer about cutting deficits.”

The European Commission has been piloting its European Innovation Capital (EIC) investment scheme to identify and support with blended finance (debt and/or equity) startups trying to achieve these so-called green deal goals.

Its latest report, Deep Tech Europe: The impact of the European Innovation Council (EIC) Pilot, focuses on the results and impacts of the €1.3bn ($1.5bn) three years of the pilot phase before formal launch in January. The report shows 90% of projects funded support the United Nations’ Sustainable Development Goals and crowded in €5.3bn to EIC-supported companies with greater gender diversity among founders.

As news provider Science Business notes, the EIC is also trying to form a forum to bring together entrepreneurs, policymakers and academia, to work on improving Europe‘s innovation ecosystem. But, practically and at first, much rests on the program mangers selected to allocate EIC finance to entrepreneurs. Antonio Pantaleo will focus on bioenergy projects, Francesco Matteucci will manage the portfolio of materials for green energy, while Iordanis Arzimanoglou will look after biotech and Enric Claverol-Tinturé the medical devices space.

On a panel with Claverol-Tinturé at the European research and innovation conference, the opportunity set when thinking medical devices alone is huge but too often investors have taken a narrow approach with worries about regulatory or technical risks and unintended consequences of implanting a device in people.

But as with Sir Ronald’s example of allowing glasses to effectively read the page for illiterate people, so the question of devices is so much broader than historically people have considered the sector to be.

Apple has regulatory approach for its watch as a medical device. Thank to Jio and others, almost everyone in the world now carries a phone that can be put to use. Nvidia’s purchase of chip designer Arm for up to $40bn pulls in artificial intelligence into these phones and apps.

The question for Europe is who among its population has the desire to impact global rather than local markets?

No alt text provided for this image




要查看或添加评论,请登录

James Mawson的更多文章

  • New York's luck

    New York's luck

    New York specializes in half conversations, what-ifs and incipient or actual trouble or outlandish success. Spend a…

    11 条评论
  • History rhymes rather than repeats

    History rhymes rather than repeats

    This is a draft of our next editorial at Global Corporate Venturing so feedback welcome! The Economist recently…

    1 条评论
  • Venture's 'cauldron of change'

    Venture's 'cauldron of change'

    This is a draft of a speech I'll be making at the www.GCVDigitalForum.

    2 条评论
  • Intel Capital strives for new heights

    Intel Capital strives for new heights

    Intel Capital reported some spectacular progress in diversity representation, surpassing more than $300m invested in…

    3 条评论
  • Who cares about the ‘invention factories’?

    Who cares about the ‘invention factories’?

    Edmund Morris’s new biography of American inventor and publicist Thomas Edison brings up an interesting perspective of…

    1 条评论
  • 50 years after the internet, what new trinity will shape the future?

    50 years after the internet, what new trinity will shape the future?

    It feels appropriate Web Summit, a conference for about 70,000 technology startups and investors, is being held the…

    12 条评论
  • Corporate venturing in a turbulent age

    Corporate venturing in a turbulent age

    A fascinating feature courtesy of Tony Askew, co-founder and partner of REV Venture Partners, who spoke with Global…

    2 条评论
  • Tech will save us in energy transition

    Tech will save us in energy transition

    “We will need to develop new technology and redesign the energy system around the customer. We want to be at the…

  • Welcome to Tencent's metaverse

    Welcome to Tencent's metaverse

    In game-industry deal-making, it appears there is Tencent, then there is everyone else. As a sign of both financial…

    4 条评论
  • Here's the GCVI Summit speaker list

    Here's the GCVI Summit speaker list

    With two-and-a-half weeks to go until the 2019 GCVI Summit, we recommend you act quickly if you want to be there…

    1 条评论

社区洞察

其他会员也浏览了